The StumbleUpon concept was great, and it still is. But somewhere along the way something went terribly wrong. Once the darling of the social media world, the company is now struggling to stay alive as it is finding it difficult to get funding and keep its employees.

According to a report from VentureBeat, the content discovery company reducing its workforce from under 100 to around 30.

Apparently, this was the end result of not being able to secure more venture capital funding. The lucky...